It'll never be enough, will it? Obama wants to raise the marginal tax rate up to about 40%, so revenue goes up about 70 bilion/yr, if that. Well whoop-de-fuckin'-do, out of a 1.6 trillion deficit this year now we're down to 1.53 trillion, boy that really helped. And he wants to raise the Medicare tax rate and the ceiling for Social Security, and who knows what else. You want this, raise taxes on the rich to pay for it. You want that, raise taxes on the rich to pay for it. Do you not know that if we took every frickin' dime they made this year it still wouldn't cover the deficit?
What would this country be like if we raised taxes back to 90%? You really think thise rich people are just going to quietly pay it? You don't think they'll park it offshore by any means, legal or otherwise? Where the blue blazes **** do you think you're going to get entrepeneurs, innovators, and new investors if the tax rate is so high that it literally ain't worth it to do business here? Do you not realize we live in a global economy, and if foreign investors can't make enough money here cuz of the fuckin' tax rates that you dumb bozos want to raise that they'll go elsewhere? And American investors with wealth will do the same. You really want to be a bigger Greece? Well if we followed your path that's where we'd end up.
I really am starting to think this boils down to more of a financial illiteracy problem than anything. And the lefties, at least of this board, seem to be chronically financially illiterate. There has to be some fundamental disconnect between what people are taxed and what government does that they just don't get. They have no concept of living within one's means.
WE HAVE A 14 TRILLION DOLLAR DEBT. Politics aside, that means we are spending far, far, far more than we are taking in. Even if we someone all got on the same page and agreed that everything government is doing now is everything it should be doing, we still have to be financially responsible enough as a government and a country to fund these things in a financially sound manner. We aren't doing that now. We are borrowing and borrowing a lot. We are so far in debt the
interest alone on the debt as increasing faster than we can pay it down. We aren't even touching the debet at this point. So something has to give. Either government has to spend less, and a lot less, which will take a fundamental redifinitino of the roll of government in society, OR we have to tax everyone more..... a LOT more.